canonbury
1 Answer
Bob/PKB
$5,300 at 3.5 for 18 months.
3.5% of $5,300 is $185.50, which would be the earning for 12 months. Divide that amount by 360, which is the number of days considered an investment year. That gives you a daily amount of $0.515277...
Now multiply by 30 and you will have your answer. $15.45. By the way, you'd earn approximately $278.25 in 18 months.
| 13 years ago. Rating: 1 | |
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